[Verse 1] Where does a corporation call its home? It's not the place where papers are filed alone Look for the board room where decisions are made Central management and control displayed The minds that guide the corporate fate Determine residency, don't be late [Chorus] CCPC, public corp, or private other Central control determines the mother Two-fifty-six connects the family tree Associated corps in harmony Management minds and voting shares Classification shows who really cares [Verse 2] Canadian-controlled private corporation CCPC gets special taxation Not public, not controlled by foreign hands Canadian residents must command Small business rates and refundable tax Special benefits for staying on track [Chorus] CCPC, public corp, or private other Central control determines the mother Two-fifty-six connects the family tree Associated corps in harmony Management minds and voting shares Classification shows who really cares [Verse 3] Public corporations trade their shares On designated exchanges everywhere Private corps keep ownership tight Not available to public sight Three categories clear and true Classification guides what you can do [Bridge] Associated means they're family bound Common control is what we've found Section two-fifty-six shows the way Parent, subsidiary, side by side they play Connected under one-eight-six Dividend rules and tax policy mix [Chorus] CCPC, public corp, or private other Central management finds the mother Two-fifty-six connects the family tree Associated corps in harmony Management minds and voting shares Classification shows who really cares [Outro] From boardroom chairs to voting control Residency plays the leading role Three types of corps, connections clear Canadian tax law crystal here
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